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Press Release

Ninepoint Partners Completes Ninepoint 2018-II Flow-Through Limited Partnership Initial Public Offering; Raises Maximum Offering

TORONTO, October 25, 2018 – Ninepoint Partners LP (“Ninepoint”) is pleased to announce that Ninepoint 2018-II Flow-Through Limited Partnership (the “Partnership”) has completed the second and final closing in connection with its offering of limited partnership units (the “Units”) pursuant to a prospectus dated September 19, 2018. The Partnership raised $10,392,150 on the sale of an additional 415,686 units for aggregate gross proceeds of $25,000,000, the maximum offering. The Units were offered at a price per Unit of $25.00 with a minimum subscription of 100 Units ($2,500).

The Partnership has retained Sprott Asset Management LP (“Sprott”) to act as sub-advisor to the Partnership. The Partnership intends to provide liquidity to limited partners through a rollover to the Ninepoint Resource Class prior to February 28, 2020.

Investment Objective of the PartnershipThe Partnership’s investment objective is to achieve capital appreciation and significant tax benefits for Limited Partners by investing in a diversified portfolio of Flow-Through Shares and other securities, if any, of Resource Issuers.

Attractive Tax-Reduction BenefitsFlow-through partnerships are one of the most effective tax reduction strategies available to Canadians. Ninepoint anticipates that investors participating in the Partnership will be eligible to receive a tax deduction of approximately 100% of the amount invested.

Resource Expertise
The Partnership will be sub-advised by Sprott, one of Canada’s leading investment advisors in small and mid-cap resource companies. Over its long history of investing in the resource sector, Sprott has developed relationships with hundreds of companies. Its experienced team of portfolio managers is supported by a team of technical experts with extensive backgrounds in mining and geology.

Portfolio manager Jason Mayer will manage the portfolio of the Partnership and will be supported by Sprott’s broader team of experienced resource investment professionals.

Agents
The offering was made through a syndicate of agents led by RBC Capital Markets and included CIBC Capital Markets, TD Securities Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., GMP Securities L.P., Manulife Securities Incorporated, Raymond James Ltd., Canaccord Genuity Corp., Desjardins Securities Inc., Echelon Wealth Partners Inc. and Industrial Alliance Securities Inc.

About Ninepoint Partners LP
Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $3 billion in assets under management. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies including North American Equity, Global Equity, Real Assets & Alternative Income.

Ninepoint is an operating company that has been created to assume portfolio management of the Canadian diversified assets of Sprott Asset Management LP, including actively managed hedge and mutual funds.

For more information on Ninepoint Partners LP, please visit www.ninepoint.com or inquiries regarding the offering, please contact us at (416) 943-6707 or (866) 299-9906 or invest@ninepoint.com.

About Sprott Asset Management LP
Sprott Asset Management LP is an alternative asset manager and a global leader in precious metal and real asset investments. Through its subsidiaries in Canada, the US and Asia, the Corporation is dedicated to providing investors with best-in-class investment strategies that include Exchange Listed Products, Alternative Asset Management and Private Resource Investments. The Corporation also operates Merchant Banking and Brokerage businesses in both Canada and the US. Sprott is based in Toronto with offices in New York, Carlsbad and Vancouver and its common shares are listed on the Toronto Stock Exchange under the symbol (TSX:SII). For more information, please visit www.sprott.com.